Overview
What is National Gymnastics Foundation Inc?
The National Gymnastics Foundation Inc, situated in Indianapolis, Indiana, serves as a philanthropic organization. Its primary role is to grant funds to USA Gymnastics, a national body for the sport of gymnastics, to help achieve its mission of fostering a healthy, safe, and excellent environment for athletes to excel both in sports and life. Beyond this, the Foundation extends its aid to athletes by providing grants for educational and training purposes. Additionally, the Foundation supports the establishment and continuation of collegiate gymnastics programs, thereby promoting the popularity of the sport.
Official website here: www.gymnasticsfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90%, Four-Star out of Four Star Rating
The National Gymnastics Foundation Inc has achieved a commendable 90% rating from Charity Navigator, indicating strong performance in accountability and finance. The foundation's score is derived entirely from a single beacon focused on financial health, demonstrating a commitment to transparency and responsible fiscal management.
Key strengths of the organization include a fully independent board of directors, with all members exhibiting a high level of accountability. The foundation has no reported issues with asset diversion, and it maintains a robust policy framework, including conflict of interest and document retention policies. Its program expense ratio of 93.22% reflects a dedication to utilizing funds effectively for its mission.
However, it is important to note that the organization is missing a whistleblower policy, which has impacted its overall score in that area. Despite this limitation, the organization maintains strong financial health and transparency, making it a trustworthy choice for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is National Gymnastics Foundation Inc legitimate?
National Gymnastics Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. National Gymnastics Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.gymnasticsfoundation.org
What is the mission statement of National Gymnastics Foundation Inc?
The National Gymnastics Foundation Inc's mission is centered around promoting the sport of gymnastics and supporting the educational and outreach initiatives of USA Gymnastics. In pursuit of this goal, the foundation provides funds to USA Gymnastics, serving as the national governing body for the sport, to help them achieve their mission of fostering a healthy, safe, and excellent environment for athletes to flourish both in sports and in life. Furthermore, the foundation offers financial aid to athletes for educational and training purposes, and supports the establishment and continuation of collegiate gymnastics programs to boost the popularity of the sport.
Official website here: www.gymnasticsfoundation.org
Who is the CEO of National Gymnastics Foundation Inc?
Kristin Allen is the Chair of National Gymnastics Foundation Inc.
Official website here: www.gymnasticsfoundation.org
What is the revenue of National Gymnastics Foundation Inc?
National Gymnastics Foundation Inc's revenue in 2022 was $145,985.
Official website here: www.gymnasticsfoundation.org
Who are the executives of National Gymnastics Foundation Inc and what are their salaries?
There 8 volunteers at National Gymnastics Foundation Inc.
Here are 8 key members and their salaries:
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Official website here: www.gymnasticsfoundation.org
Where can I find the form 990 for National Gymnastics Foundation Inc?
National Gymnastics Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.gymnasticsfoundation.org
Learn more at the official website: www.gymnasticsfoundation.org
Mission Statement of National Gymnastics Foundation Inc
The National Gymnastics Foundation Inc is committed to promoting the sport of gymnastics and supporting the educational and outreach initiatives of USA Gymnastics. Its mission, in essence, is to ensure the longevity and growth of the sport while aiding USA Gymnastics in its mission to establish a community that encourages health, safety, and excellence, enabling athletes to flourish both in their sport and in their personal lives. The Foundation achieves this by granting funds to USA Gymnastics and its affiliated organizations. These funds are utilized to further USA Gymnastics' role as the national governing body for gymnastics, enabling it to execute its mission effectively. Additionally, the Foundation offers financial assistance to athletes, helping them with their educational and training expenses. Furthermore, the Foundation supports the initiation and maintenance of collegiate gymnastics programs, thereby fostering the expansion of the sport in alignment with USA Gymnastics' objectives.
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Impact
October, 2024
The National Gymnastics Foundation Inc plays a vital role in promoting the sport of gymnastics and advancing the education and athletic development of gymnasts across the nation. By providing grants to USA Gymnastics, it enables the organization to effectively fulfill its role as the national governing body, fostering a community and culture where athletes can thrive both in their sport and in life.
The Foundation's support extends to individual athletes, helping them pursue their education and training, thereby enhancing their athletic potential and future opportunities. Furthermore, it actively contributes to the sustainability of collegiate gymnastics programs, ensuring that the sport continues to grow at the grassroots level. This holistic approach not only elevates the standards within gymnastics but also nurtures a sense of community among athletes, coaches, and fans, promoting a healthy and safe environment for all participants.
Through its efforts, the National Gymnastics Foundation Inc significantly impacts the gymnastics community, ensuring a brighter future for athletes and the sport as a whole.
This information is meant to be a general summary of National Gymnastics Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$101,452
- Gross Receipts: $333,708
Assets and Liabilities:
- Total Assets: $4,385,717
- Total Liabilities: $216,649
- Net Assets: $4,169,068
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Organization Details
Founding Year
1988
Phone
(317) 237-5050Principal Officer
Kristin Allen
Main Address
1099 N MERIDIAN Suite 800, INDIANAPOLIS, IN, 46204
Website
www.gymnasticsfoundation.orgNTEE Category
Code: N6XI - Recreation
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